India's TCS betting on growth amid global economic disruptions
Rajesh Gopinathan, CEO of Tata Consultancy Services.

Asian Tech Press (Apr. 18) -- India's Tata Consultancy Services Ltd. (TCS) is betting on growth amid global economic disruptions, aiming to reach $50 billion in sales before 2030.

Rajesh Gopinathan, chief executive officer of the Indian IT company, said the company plans to tap into long-term demand for its services as it seeks to reach $50 billion in sales by the end of the decade.

TCS, the largest player in India's $227 billion technology services sector, has had to deal with a range of challenges, from the outbreak of COVID-19 to the Russia-Ukraine conflict.

The company also provides technology services and support to thousands of companies in the U.S. and other countries that are adopting hybrid labor strategies, with employees working both from home and in the office.

"The long-term demand environment is very strong," Gopinathan said in an interview, "We are leaning forward, we are betting on growth."

TCS made changes to its internal structure last month, setting up specialized groups as part of a broader initiative to win business from startups and large global corporations. Anf the changes were completed in less than a month, Gopinathan said.

As Asia's largest outsourcer, TCS is a cornerstone of the Tata Group, the Indian conglomerate that owns dozens of companies in everything from salt to automobiles. The technology services company had revenue of more than $25 billion in the fiscal year that ended in March.

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